Who Is Exempt From Medicare Tax: Students, Visas, Religious Sects
Learn who is exempt from Medicare tax, from student and visa-based workers to certain government and religious sect roles, and how to claim the exemption.
How Am I Taxed When I Sell My Business? Entity Type and Allocation
Learn how you're taxed when you sell your business, from deal structure and entity choice through purchase price allocation to ways to reduce the tax.
Consignment Accounting: Journal Entries for Consignor and Consignee
Learn how consignment accounting journal entries work for both consignor and consignee, from shipment and sale through commissions, returns, and reporting.
Normal Balance of Dividends: Debit or Credit?
Learn how the normal balance of dividends works in double-entry accounting, from why it sits on the debit side to how it's recorded and closed out each year.
Schedule C Mileage Deduction: Methods, Records, and Reporting
Learn how the Schedule C mileage deduction works for self-employed filers, from choosing a method and keeping records to reporting and vehicle sales.
CSC Stock Fund: NUA Tax Rules, Triggers, and Pitfalls
Learn how the CSC stock fund NUA election works inside the DXC Matched Asset Plan, from qualifying requirements through execution, timing, and estate treatment.
What to Put for Number of Regular Withholding Allowances
Learn how the number of withholding allowances to claim works now, from why the old system ended to how today's W-4 handles credits, income, and exemptions.
IPR&D Accounting: Fair Value, Completion, and Abandonment
Learn how acquired IPR&D accounting works under U.S. GAAP, from fair value at acquisition through development to project completion or abandonment.
What Is a VEBA? Structure, Tax Treatment, and Compliance Rules
Learn what a VEBA is, from how the trust is structured and taxed for employers and employees to the rules that keep its tax-exempt status intact.
ASC 842 Lease Termination Accounting: Lessee, Lessor, and Partial
Learn how ASC 842 lease termination accounting works for lessees and lessors, from full and partial exits to cash flow, tax, and disclosure issues.